Sparx Asia’s credit CIO Flint spins out to form Double Haven

Fri Aug 19, 2011




Darryl Flint, the well-regarded CIO-credit at Sparx Asia Investment Advisors (formerly PMA Investment Advisors), is spinning out along with his five-member credit team to establish his own hedge fund group monikered Double Haven.

The Hong Kong-based team runs a $230 million credit portfolio (comprising the PMA Credit Opportunities Fund, the PMA Temple Fund and a managed account for a large institutional investor) within the former PMA Advisors platform, and the proposed structure will migrate the entire assets/products as well as investors to Double Haven. Target date for the deal completion is end September.

The five members of the credit team who are joining Flint at Double Haven are Torquil Macleod, Thomas Doud, Richard Mcdade, Arun Vaswani, and Kunal Saha.

On aggregate, the...

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